TL;DR
- On-chain data shows that an Ethereum whale used the recent ETH rally to deposit more than $60 million worth of the asset to Binance.
- Should they decide to dispose of the ETH fortune, the anonymous whale will incur a massive loss worth $180 million, even though the price of the asset has been on a roll lately.
ETH’s Price Surge on BlackRock’s ETF Speculations
Although not confirmed yet, many in the cryptocurrency community are speculating that the market has gone into a full bull market stage. This could be confirmed by the recent price increases in many of the leading digital assets.
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